Skip to comments.Michigan's outlook dismal in next year
Posted on 05/18/2007 11:02:22 AM PDT by mombyprofession
State gets bad news about economy, budget situation
LANSING, Mich. (AP) - State economists who gathered today to forecast tax revenues and gauge the Michigan economy say it could get worse next year.
The state now faces an 800 million dollar budget deficit for the current fiscal year. This despite some savings that already have been agreed upon by the governor and state lawmakers.
The budget projection for state government is roughly 400 million dollars worse than economists thought it'd be just a few months ago.
That's because fewer tax dollars are coming in and more people are on welfare and Medicaid than previously thought, and state prison spending is up.
Michigan is expected to continue losing jobs in 2008. One reason tax revenue is down is the state's poor housing market, the third-worst in the nation.
I think that says it all.
Liberals in charge of the state....what can one truly expect. Look at MI’s and CA’s demographics and budgets. Blue states. I am sorry for you.
No change, huh? Looks pretty dismal here THIS year...
And yet the root cause never occurs to them - government.
What’s really irritating is that Wayne county (Detroit) carries the rest of the state. Over in the West, we’re overwhelmingly conservative, and way Up North, too.
Too much Union, too little work. Many businesses like my own are starting to explore opportunities in other states. This place (MI) is a joke.
Our Governor believes the solution to all our problems is to raise taxes.
Many have moved out of state and taken their tax $$ with them. Screw the people at your own expense Michigan. Love your ‘Rat leadership now?
I’m the next to move out of michigan. Born and raised here but there ARE NO JOBS!! People are losing their homes left and right and its only getting worse.
Of course everywhere you look there is road work being done on roads that were perfectly fine!!!
Factories are shutting down on a daily basis here.
thousands out of work. Can’t pay their bills. collecting unemployment benefits and wondering what the heck they are going to do when those run out.
People who are working are working for half what they worked for 5 years ago.
Its a full blown recession here and NO ONE is admitting it!
Screw michigan, screw Granholm and screw the people who voted for her!!!
I wonder if Michigan’s senators are going to vote for the so called immigration bill. After all it only allows Mexicans to take jobs that Michigan’s unemployed won’t do. Right?
I know. Same as the rest of the country, ugh CA, NY, FL and their electoral votes.
Mish-i-ganistan. Brought to you by the democrat party of taxation.
BTW, I hear your gov and my gov in NC get drunk, invite their NAMBLA, buddies with some 10 year old boys, laugh, play Twister, and raise taxes when the economy slows. Easley, raided the DOT building fund and the state employees retirement funds (which is strictly forbidden in the state constitution) back in 2002 and 2003.) Now area 'leaders' want to build a toll road to speed up needed construction for congestion from growth from transplant from overtaxed, criminally infested, illegal immigrant infested parts of the country.
Any chance for Michigan to split into separate states? We should do that all over this nation... split states into liberal vs conservative bastions....
I’m so glad we moved to Kentucky... : ))
The only problem, no one is buying our home back in Michigan.. : (
Down here in Northern Virginia, we see commercials with actor Jeff Daniels advertising Michigan as a great place to move your company.
Jeff Daniels will be unhappy.
I wonder how much of the revenue is sent out of state via wages because of State contracts “to get it cheaper”.
Stabenow (D) voted nay. Lenin (D) voted yea.
Wonder if Stab-a-Cow will vote the same this year? She’s got 6 more years.
LOL - I've heard so many people blame Bush for everything that's wrong in MI. The same ones who drive around with granholm bumper stickers.
Talk about irony.
I exported 6 semi-loads of machine tools out of Michigan last year. The are up and running, employing people in open shop, red state North Dakota.
They are running them everywhere (especially in the South) trying to put even more lipstick on this pig.
We have to many ties here at the moment, but I want out bad like many other and can't.
What is really killing Michigan is the Denial in the last election. Granholm fed them a line that it would be like the good old days if they elected her. The Unions did just that.
Tied to the Denial is the entitlement mentality. It is very subtle, earning 75K on the line used to be a birthright with out higher education, well it isn't anymore. I have so many examples, maybe later or in a private message.
From a technological standpoint, I see the Chevy Volt and the Series Hybrid Planform it utilizes as a paradigm changer that will stabilize the state, if the Series Hybrid Planform has emerged like I think it has as the new chassis/drivetrain going forward. The bad news is that is 3 years away.
That was yesterday’s vote in the Senate. Stab-Me-Now at least voted nay. Lenin voted Yea.
“...more people are on welfare and Medicaid than previously thought, and state prison spending is up.”
Other than that Mrs. Lincoln, how was your day?
It would be a hoot if Cerberus moved Chrysler to Canada.
I really miss John Engler.
Well, I’ll look at the bright side, the machine tools are still in the USA, not Mexico. The workers are paying taxes.
(Guess they helped pay my unemployment last year.)
At some point, they should just declare it a liberal success! (And then ask Bush to bail them out like Reagan did for Iaccoca)
I could make money in MI right now - I would buy a moving truck, and help my neighbors leave, for a fee.
Thanks, thought that was last years vote.
Knew Sen.Levin and my congress critter Levin were for it.
They run those same commercials - all the time - in Seattle.
When the cig tax passed, I bought a clue, and moved back to VA.
That was in 2000, I guess.
Interesting thing - when I bail on an investment, it is usually because I have to.
But in each case, it has tanked right after I bailed.
From 2000 until today, MI has tanked.
And yes, I helped. I swiped millions of dollars out of their economy, when I left.
All over a cig tax.
Problem is, they don’t see the implications of taxes, or more importantly, regulation.
What an odd thing.
they need to raise taxes... that’s the only way to solve the Michigan problem....................../sarc
As bright as the dimwits are in Michigan, they will start collecting taxes on the welfare/unemployment checks they send out. I have a bowl of jello that has more brain power than the gov’t. of that state. Sad, really sad.
The situation in Michigan is exactly analogous to NYC going broke in 1975-76... liberals, who are illiterate in economics, simply do not understand that a government job can create wealth.
As in NYC, the unions (including the govt unions) have walked off with most of the state’s budget, including entitlements, early retirement, and many other perks.
And the dirty little secret is that the productive sector of the populace — those who have to pay for these extortionist taxes — are simply disappearing.
Welfare checks in MI aren’t taxed?
I am surprised.
Yes, I hired all 7 of them.
Just looked at my last unemployment check, (one week plant shutdown).
They take state and Federal taxes out, if you want them to.
Have to pay at the end of the year, one way or another.
Welfare, would never know about!!
You work in a plant?
I am sorry.
Buy a used truck, and a really big trailor.
Start a moving business.
Failing that, UHAUL is paying a lot for people to haul trailors back to MI. Seems the all wind up somewhere else.
I’ve thought about seeing if I could help fix up houses for sale.
My hood in Warrentuckey, seems 1/4th empty, and are for sale.
Bad business model.
Go with the moving business.
Or, go with a “vacant home maintenance” model, but demand cash up front each month, and be prepared to cut those who don’t pay.
I live in the central part of the lower peninsula.
Yeah- these union people up here really believe that nafta and cafta are what’s causing our problem. Our problem is that union workers have ridiculous benefits, and make $26 an hour with a high school diploma!!!!
Companies can’t afford American workers. Theysaid on the news the other night that they are actually LOOKING to bring MORE migrant workers up here because they can’t find enough people to work on farms. But the Unemployment rate is at 7.2 percent!!!!!
I grew up on the east coast, my job moved me to southern michigan. My family of optimists have really tried to make a life here for the past 10 years.
We are through.
I would list the reasons but they would only be a repeat of all the previous posts.
A Michigan friend of mine recently hired by a firm in Louisville just returned from a house hunting trip. He was absolutely giddy with excitement to leave Michigan.
We’ve met so many great people who are working hard to get ahead in their jobs and businesses yet I deal with many more who believe their jobs are an entitlement and seniority rules the day (my company is non-union, btw).
The negatives we’ve encountered during our ten years here far outweigh any positives.
Anyone reading this and considering, God help you, moving to this state, then prepare yourself for high taxes, high cost of living, the prevailing union attitude, liberal government and awful weather.
You’ve been warned.